2024-06-11

Author

Fernando Fierro
June 11, 2024

Howdy folks,

📱🎤 Iggy Azalea is back in the crypto spotlight, linking her MOTHER token to a new telecommunications venture.

Buyers will soon be able to purchase mobile phones and cell plans using MOTHER and Solana (SOL). Despite the token's 20.1% uptick following this announcement, the history of celeb-backed tokens urges caution.

In other news:

🔥💪 Andrew Tate's self-styled memecoin, TOPG, has made headlines with a wild weekend of events. Tate pledged to crash Solana's network, burned $12.88M worth of his tokens, and advised followers to buy GameStop. His antics have sparked significant backlash, highlighting the chaotic nature of celebrity-driven crypto.

📜✍️ Shiba Inu enthusiasts are pushing for a SHIB ETF, with their petition nearing 10,000 signatures. This follows the recent approval of Bitcoin and Ethereum ETFs, inspiring hopes for broader investment opportunities.

Grayscale has yet to respond, but the community remains optimistic about integrating SHIB into traditional finance.

📉⚡ Bitcoin is facing a potential supply shock as exchange balances hit record lows. With over 99,000 BTC moving off exchanges in the past 30 days, this trend coincides with increased inflows to U.S. spot BTC ETFs.

Experts suggest this could trigger significant price volatility, making the market more susceptible to rapid changes.

DailyCoin Daily Meme

Polygon Wants To Boost Decentralization with More Validators

Polygon Labs has proposed to increase the number of Polygon validator slots. Can this proposal help tackle centralization concerns? Read more on DailyCoin.

Coordinated OKX Hack Puts Users on High Alert: Here’s Why

Users of the crypto exchange OKX experienced a hack leading to significant hacks on their individual accounts. Read more on DailyCoin.

South Korea Sets ‘Guidelines for Judging NFT Virtual Assets’

South Korea’s FSC reportedly issues new guidelines for “judging NFT virtual assets.”

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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